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The Origins of English Financial Markets

Investment and Speculation Before the South Sea Bubble

Paperback

Published: 9th August 2012
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The late seventeenth century was a crucial period in English financial history. A host of joint-stock companies emerged offering the opportunity for investment in projects ranging from the manufacture of paper to the search for sunken treasure. Driven by the demands of the Nine Years' War, the state also employed innovative tactics to attract money, its most famous scheme being the incorporation of the Bank of England. This 2009 book provides a comprehensive study of the choices and actions of the investors who enthusiastically embraced London's new financial market. It highlights the interactions between public and private finance, looks at how information circulated around the market and was used by speculators and investors, and documents the establishment of the institutions - the Bank of England, the national debt and an active secondary market in that debt - on which England's financial system was built.

"Murphy's book is a good starting point for anyone wishing to know more about an important and intriguing period in financial history." -Bruce G. Carruthers, American Historical Review

Introduction
London's first stock market boom
The rise of the public funds
The contemporary debate
The development of a financial press
Networks of information
The investors
Stock-jobbing the market
Investment strategies
Conclusion
Appendices
Bibliography
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9781107406209
ISBN-10: 110740620X
Series: Cambridge Studies in Economic History: Second Series
Audience: Tertiary; University or College
Format: Paperback
Language: English
Number Of Pages: 298
Published: 9th August 2012
Publisher: Cambridge University Press
Dimensions (cm): 22.9 x 15.2  x 1.6
Weight (kg): 0.4